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Oracle CEO Larry Ellison reached a deal to buy nearly the entire Hawaiian island of Lanai. The land is currently owned by billionaire David Murdock who is the CEO of Castle and Cooke and the majority stock holder in Dole Food Company.

Real estate has often been referred to as the one of the surest investments, and homeownership has long been part of the American dream. But in a market that seems to be in a freefall, buying may no longer be the safest bet.

Comcast announced Thursday a deal to become majority owner of NBC Universal. The deal gives Comcast control of NBC, the Spanish-language Telemundo and about two dozen cable channels.

Yahoo is expected to announce Monday that it's acquiring the social media site Tumblr, in a deal The Wall Street Journal and other news outlets are reporting to be worth about $1.1 billion. Some analysts are calling the acquisition an effort by Yahoo to be "cool and relevant" again.

On Tuesday, a federal bankruptcy judge gave the nod to a Chinese firm to buy a Massachusetts technology company. The company, A123 Systems, makes batteries for electric cars, but some in Congress are fighting to block the deal.

Chinese collectors and corporations are using their new wealth to buy back some of the thousands of China's art treasures that have been lost overseas, plundered in war and stolen by tomb robbers. One company has made this its specialty: the Poly Corporation, which started as an arms trading branch of China's military.

The news that billionaire Jeff Bezos has purchased The Washington Post came shortly after Red Sox owner John Henry agreed to buy The Boston Globe. That's left many scratching their heads as to why a successful businessperson would take on a paper when revenues are plummeting.

Some young professionals said they’re leaving the Jacksonville Beach area because while they can afford rent, buying isn’t a feasible option. Oliver…

Drew Philip made waves this month by explaining to the Internet why he bought a house in struggling Detroit for $500. In his much-discussed story for Buzzfeed, Philip said that he is part of "another Detroit," one where people are working to help each other and save their city.

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